Strong US job report increases risk of naira depreciation in 2025
The United States economy delivered a stronger-than-expected jobs report in December, creating 256,000 jobs compared to economists’ expectations of 160,000. This signals a more resilient labor market...
View ArticleNaira weakens further, closes the week at N1,544.50/$1 on official market,...
The naira experienced sustained pressure across foreign exchange markets this week, closing at N1,544.50/$1 on the official market and trading as high as N1,647/$1 in the parallel market. The post...
View ArticleFBN Holdings shares gain 7.86% despite loan dispute with GHL
FBN Holdings shares rose 7.86% week-to-date (WTD), closing the week ending January 10, 2025, in the green, despite an ongoing loan dispute with General Hydrocarbons Limited (GHL). A leaked letter to...
View ArticleTop 5 oil and gas companies in Nigeria based on share price performance in 2024
The Nigerian stock market, represented by the All-Share Index, achieved an outstanding performance in 2024, closing with a remarkable gain of 37.65%. This success was largely driven by significant...
View ArticleWeekly Market Wrap: All-Share hits N64 trillion, gains 1.80% as MTNN soars,...
The Nigerian stock market closed the trading week ending January 10, 2025, on a high note, with the All-Share Index (ASI) posting an impressive gain of 1,864.73 points to settle at 105,451.06. The...
View ArticleNaira faces U.S. Dollar firepower amid strong employment data
The Nigerian currency remained relatively stable during the week's first trading session despite persistent pressure from the dollar's strength and stronger-than-expected U.S. economic data. The post...
View ArticleDMO announces subscription window for January FGN savings bonds, offers up to...
The Federal Government of Nigeria, through the Debt Management Office (DMO), has announced the subscription window for the Federal Government Savings Bonds (FGN Savings Bonds) for January 2025. The...
View ArticleMarket Wrap: All-Share slips 0.08% as LASACO leads decliners, CAP tops gainers
The Nigerian All-Share Index (ASI) edged slightly lower on January 13, shedding 83.81 points to close at 105,367.25, a 0.08% dip from the previous day’s 105,451.06. The post Market Wrap: All-Share...
View ArticleBitcoin falls below $92,000 one week before Trump’s inauguration
Bitcoin has continued its decline just one week before the inauguration of President-elect Donald Trump, falling below $92,000. The post Bitcoin falls below $92,000 one week before Trump’s...
View ArticleZeenab Foods tap bond market for N10 billion
Zeenab Foods Limited (ZFL) has launched its Series 3 Commercial Paper Notes, comprising Tranche A and Tranche B, with a total offering of up to N10 billion. The post Zeenab Foods tap bond market for...
View ArticleFirstBank issues press release explaining why they froze General...
FirstBank has issued a press release addressing its ongoing legal and commercial dispute with General Hydrocarbons Limited (GHL), shedding light on its reasons for getting a court order to freeze GHL’s...
View ArticleMarket Wrap: All-Share slips below N64 trillion, HONYFLOUR declines, GTCO...
The Nigerian All-Share Index (ASI) ended the trading session on January 14 on a downward trend, shedding 1,745.16 points to close at 103,622.09. This marks a 1.66% decline from the previous day’s...
View ArticleParallel Market Exchange rate stays stable at N1,660/$1 despite surge in...
The naira dipped against the safe-haven currency at the official market amid rising oil prices in global markets. The post Parallel Market Exchange rate stays stable at N1,660/$1 despite surge in crude...
View ArticleNigeria’s FX reserves drop by $359.81 million in one week
Nigeria’s foreign exchange (FX) reserves have recorded a notable decline, shedding $359.81 million within a single week to settle at $40.56 billion as of January 13, 2025. The post Nigeria’s FX...
View ArticleMarket Wrap: All-Share Index retraces to 102,000 level as DANGSUGAR rallies
The Nigerian All-Share Index (ASI) closed in negative territory on January 15, shedding 1,526.14 points to settle at 102,095.95. The post Market Wrap: All-Share Index retraces to 102,000 level as...
View ArticleXRP jumps to six-year high, SEC begins appeal against Ripple
The ripple-based token soared to a six-year high on Wednesday, with traders buoyed by the highly anticipated CPI inflation data report and Bitcoin's strong rally. The post XRP jumps to six-year high,...
View ArticleBitcoin surges past $100k again, renewing investors’ optimism
Bitcoin has once again crossed the $100,000 mark, triggering renewed optimism among investors. The post Bitcoin surges past $100k again, renewing investors’ optimism appeared first on Nairametrics.
View ArticleNeimeth Pharmaceuticals shares soar 32% in week 3 of 2025 amid profit recovery
Shares of Neimeth International Pharmaceuticals Plc have risen by over 32% in the third week of January 2025, pushing its month-to-date performance to over 50%. The post Neimeth Pharmaceuticals shares...
View ArticleFG plans to raise N1.8 trillion from FGN bond market in Q1 2025
The Federal Government of Nigeria is planning to raise not more than N1.8 trillion from the bond market in the first quarter of 2025, according to the Debt Management Office (DMO). The post FG plans...
View ArticleMarket Wrap: All-Share Index gains 0.09%, NNFM and DANGSUGAR soar
The Nigerian stock market experienced a slight recovery on January 16, 2025, with the All-Share Index rising by 87.11 points to close at 102,183.06. The post Market Wrap: All-Share Index gains 0.09%,...
View Article